Budget 2018-19

  The Company has no outstanding loans from banks and approximately 95 per cent of its debt is in the form of debentures, it said Shares of  Reliance Capital  were locked at the 5 per cent lower circuit, at Rs 18.10 apiece, on the BSE on Tuesday after the Reserve Bank of India (RBI) on Monday superseded the board of industrialist Anil Ambani-promoted Reliance Capital, a non-banking financial company (NBFC), owing to defaults and governance issues. “In view of the defaults by RCL (Reliance Capital Ltd) in meeting the various payment obligations to its creditors and serious governance concerns which the board has not been able to address effectively”, the central bank superseded the board. The RBI has appointed Nageswar Rao Y, former executive director of Bank of Maharashtra, administrator of Reliance Capital. its part, the company has informed the exchanges that it will “co-operate fully” with the Administrator appointed by the RBI… Read More

  The Ministry of Labour and Employment on Sunday announced additional benefits for workers through social securities schemes run by the EPFO and the ESIC amid the Covid-19 pandemic The Ministry of Labour and Employment on Sunday announced additional benefits for workers through social securities schemes run by the EPFO and the ESIC amid the COVID-19 pandemic. These benefits include pension for dependents of insured persons with Employees’ State Insurance Corporation (ESIC) who died due to COVID-19 and hike in maximum sum assured under the group insurance scheme Employees’ Deposit Linked Insurance Scheme (EDLI), run by Employees’ Provident Fund Organisation (EPFO), to Rs 7 lakh from Rs 6 lakh. “The Ministry of Labour and Employment has announced additional benefits for workers through ESIC and EPFO schemes to address the fear and anxiety of workers about wellbeing of their family members due to increase in incidences of death due to   COVID-19 pandemi c ,” a ministry statement...

  The company has been listed among the top 25 Best Big Companies to work for in the United Kingdom and among the Best Companies in the consultancy sector Tata Consultancy Services  said on Friday it has been listed among top 25 Best Big Companies to work for in the United Kingdom and among the Best Companies in the Consultancy sector. The Best Big Companies list honours 25 organisations with at least 2,000 employees based on an anonymous survey that assesses employee experience across engagement, culture, work environment, leadership, well being, diversity and giving back to the community. TCS was recognised for prioritising the health and wellness of its employees with initiatives like virtual access to a GP, HR outreach sessions and mental health awareness programmes, and commitment to reskill employees while on remote work. “TCS is today one of the top IT service providers in the UK, and the preferred growth and transformation partner of leading British corporations becaus...

  The Indian economy is projected to grow at 11 per cent in the current financial year amid the “strong” vaccine drive, said ADB on Wednesday The Indian economy is projected to grow at 11 per cent in the current financial year amid the “strong” vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in COVID cases may put the country’s economic recovery at “risk”. “India’s  economy  is expected to grow 11 per cent in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive,” ADB said in its flagship Asian Development Outlook (ADO) 2021 released on Wednesday. However, the Asian Development Bank (ADB) cautioned that the surge in COVID-19 cases may put the country’s economic recovery at risk. For FY2022, India’s GDP is expected to expand at 7 per cent, it added. Further, it said the gross domestic product (GDP) of South Asia is expected to rebound to 9.5 per cent this year, following a contraction of 6 per cent in 2020, before mod...

  Health ministry says a new dispensation will be provided to cover the “corona warriors”. The Union Health Ministry on Monday announced that all claims of “COVID warriors” under the Pradhan Mantri Garib Kalyan Package will be settled till April 24 after which a fresh insurance policy for them will become effective. In a tweet, the ministry said that a new dispensation will be provided to cover the “corona warriors”. For this, the ministry is in talks with the New India Assurance, it said. “Two hundred and eight seven claims have been paid by the insurance company so far. The scheme has played a crucial psychological role in boosting the morale of the health workers fighting COVID-19,” the ministry said in a statement. “ The Pradhan Mantri Garib Kalyan Package  (PMGKP) insurance policy claims of COVID warriors will continue to be settled till 24th April, 2021, thereafter a fresh insurance policy for COVID warriors will become effective,” it said. The PMGKP was announced on Mar...